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Wyckoff accumulation on $SIL

Long
Global X Silver Miners ETF (AMEX:SIL)  
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AMEX:SIL   Global X Silver Miners ETF
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
The capitulation volume (noted with arrows) got absorbed with very little price decline and the market moved strongly moved higher the following weeks. Very likely this is the start of new trend - caught early. Regardless, It is certainly an amazing RR trade, cut if a weekly candle closes below 29. Safer to wait for trend confirmation but will dramatically change risk/reward.
Trade fermée: ordre d’arrêt atteint:
Weekly closed below 29, cut it on today's bounce.
Clause de non-responsabilité

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